Are you looking for a great investment property with stable income? Or purchase to live in one unit and rent out the other? Come and see this 2-story duplex apartment located in Downtown Martinsville, IN. The main level, unit 9, has 2 good sized bedrooms, 1 bath, living room, and kitchen. Unit 9 has been cosmetically updated. The upper level, unit 10 has 3 bedrooms, 1 bath, living room, and kitchen. Both units have newer tankless electric hot water heaters. The exterior (roof, siding, and windows) updated in 2016. Large parking lot. Low maintenance. No grass to mow. Walking distance to the town square. Prime location. Both units currently leased with lease agreements good through Aug and Sept 2025. Tenants would like to remain with new owners if possible.
Freshly renovated investment property! Already rented and managed with a great rate of return! This property is a double with two bedrooms and 1 bath per side. Owner pays water, and renter pays gas and electric.
The median home value in Martinsville, IN is $292,000. This is higher than the county median home value of $245,300. The national median home value is $338,100. The average price of homes sold in Martinsville, IN is $292,000. Approximately 54.73% of Martinsville homes are owned, compared to 30.41% rented, while 14.86% are vacant. Martinsville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Martinsville real estate agent to arrange a tour today!
Martinsville, Indiana has a population of 11,848. Martinsville is more family-centric than the surrounding county with 32.91% of the households containing married families with children. The county average for households married with children is 29.67%.
The median household income in Martinsville, Indiana is $52,599. The median household income for the surrounding county is $71,882 compared to the national median of $69,021. The median age of people living in Martinsville is 36.3 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 18.6 degrees. The average rainfall is approximately 45.2 inches per year, with 20.3 inches of snow per year.